[FoRK] [IRR] RMS on SPJ
Ken Ganshirt @ Yahoo
ken_ganshirt at yahoo.ca
Fri Oct 7 15:38:59 PDT 2011
Where, in what I said, did you get "altruistic"??
As part of what you said, Ford is also credited for reasoning that, in addition to having more productive workers, by paying them $5/day -- double the going wage at the time -- lots of his workers would also be able to afford to buy what they were building, thus increasing/ensuring demand.
Where's the altruism?? Simple and sensible economics that today's robber barons seem to have completely overlooked.
--- On Fri, 10/7/11, Sean Conner <sean at conman.org> wrote:
> From: Sean Conner <sean at conman.org>
> Subject: Re: [FoRK] [IRR] RMS on SPJ
> To: "Friends of Rohit Khare" <fork at xent.com>
> Received: Friday, October 7, 2011, 4:44 PM
> It was thus said that the Great Ken
> Ganshirt @ Yahoo once stated:
> > --- On Fri, 10/7/11, mdw at martinwills.com
> <mdw at martinwills.com>
> > .
> > >
> > > I have no argument with this assertion, I even
> agree with
> > > it. The problemyou refuse to consider is: "How do
> we do this to employ
> > > persons who can then turn around and buy these
> products?" It's great
> > > to create something, but if no one can buy it,
> what is the point?
> > >
> > Even back in the Jurassic period of manufacturing
> Henry Ford had that
> > figured out. Another lesson lost.
> Nope. He wasn't *that* altrusitic. He
> was originally paying a low wage,
> but experiencing high employee churn, and thus training
> costs were eating
> into his profit. By raising the salary of his
> assembly line employees, his
> training costs dropped as the employee churn rate dropped,
> as his bottom
> line improved. It was just be happenstance that his
> employees could now
> afford his products, but I doubt he was upset at the
> He also gave us the 8 hour/day 40 hour/week work
> week. Again, studies he
> did showed that productivity was highest with that
> arrangement and it had
> nothing to do with keeping his employees happy (again,
> another happy
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